Case Study

Insurance Group Strengthens Risk Management with TIBCO Data Science Software Faster answers from unstructured data, improved accuracy of liability est

Insurance Group Strengthens Risk Management with TIBCO Data Science Software Faster answers from unstructured data, improved accuracy of liability est

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Insurance Group Strengthens Risk Management with TIBCO Data Science Software Faster answers from unstructured data, improved accuracy of liability estimates, expanded service offerings CHALLENGE The extent of a bodily injury is not always predictable in the immediate aftermath of a vehicle accident. Injuries that were not at first obvious may become acute. The earlier that an insurance company can accurately estimate their liability for medical damages, the more precisely they can manage their risk and consolidate their resources. But because needed information is contained in unstructured documents such as accident reports and witness statements, it is extremely time- consuming for individual employees to perform the needed analysis. “Bodily injury claims are growing disproportio

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